Lebanon Speaker Says No Presidential Vote Without IMF Laws

Speaker Nabih Berri is pictured in Beirut, Lebanon May 31, 2022. REUTERS/Mohamed Azakir
Speaker Nabih Berri is pictured in Beirut, Lebanon May 31, 2022. REUTERS/Mohamed Azakir
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Lebanon Speaker Says No Presidential Vote Without IMF Laws

Speaker Nabih Berri is pictured in Beirut, Lebanon May 31, 2022. REUTERS/Mohamed Azakir
Speaker Nabih Berri is pictured in Beirut, Lebanon May 31, 2022. REUTERS/Mohamed Azakir

Lebanese Parliament Speaker Nabih Berri said on Saturday he would not call for a session to elect a new president until the legislature passes reforms that are preconditions for an International Monetary Fund (IMF) bailout.

An IMF deal is seen as the only way for Lebanon to recover from its financial meltdown.

President Michel Aoun's six-year term ends on Oct. 31, and top politicians have voiced concern about no successor being found - warning of even greater institutional deadlock given that Lebanon has also been without a fully functioning government since May.

"I will not call for a presidential election session until after the reform laws required by the IMF have been adopted," Berri said during a meeting with journalists at his Beirut residence, in comments confirmed to Reuters by his office.

He said parliament should work to pass the reform laws in August, pointing to the urgent need for the measures.

Berri, who has held his post for nearly three decades, said on Friday that a "miracle" would be needed for a government to be formed anytime soon. He did not elaborate.

Under the constitution, the president issues the decree appointing a new prime minister based on binding consultations with MPs, and must co-sign on the formation of any new cabinet.

In April, Lebanon reached a staff-level agreement with the IMF for a $3 billion bailout but a full deal is conditional on the passage of bills including capital controls, banking restructuring legislation and the 2022 budget.

Lebanon's constitution says the speaker must convene parliament "one month at least and two months at most before the expiration of the term of office of the President of the Republic".

Failing that, the chamber meets automatically on the 10th day preceding the term's expiration, the constitution says.



Sisi: Electricity Interconnection Projects with Saudi Arabia a Model for Regional Cooperation

Sisi met with Prime Minister Mostafa Madbouly, Minister of Electricity and Renewable Energy Mahmoud Esmat, and Minister of Petroleum and Mineral Resources Karim Badawy. (Egyptian Presidency)
Sisi met with Prime Minister Mostafa Madbouly, Minister of Electricity and Renewable Energy Mahmoud Esmat, and Minister of Petroleum and Mineral Resources Karim Badawy. (Egyptian Presidency)
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Sisi: Electricity Interconnection Projects with Saudi Arabia a Model for Regional Cooperation

Sisi met with Prime Minister Mostafa Madbouly, Minister of Electricity and Renewable Energy Mahmoud Esmat, and Minister of Petroleum and Mineral Resources Karim Badawy. (Egyptian Presidency)
Sisi met with Prime Minister Mostafa Madbouly, Minister of Electricity and Renewable Energy Mahmoud Esmat, and Minister of Petroleum and Mineral Resources Karim Badawy. (Egyptian Presidency)

Egyptian President Abdel Fattah al-Sisi affirmed that the electrical interconnection project with Saudi Arabia represents a model of regional energy cooperation and a benchmark for future similar ventures in electrical connectivity, directing close monitoring of all project details.
Sisi made these remarks during a meeting with Prime Minister Mostafa Madbouly, Minister of Electricity and Renewable Energy Mahmoud Esmat, and Minister of Petroleum and Mineral Resources Karim Badawy.
According to a statement by the Egyptian presidency on Sunday, the discussion reviewed the status of electrical interconnection projects between Egypt and Saudi Arabia, emphasizing their importance in enhancing grid efficiency and stability while optimizing the use of generation capacity during peak demand periods.
Cairo and Riyadh signed an agreement in 2012 to establish the electrical interconnection project at a cost of $1.8 billion, with Egypt contributing $600 million (1 USD = 49.65 EGP in local banks). In a government meeting in mid-October, Madbouly announced that the interconnection line is expected to become operational in May or June of next year, with an initial capacity of 1,500 megawatts.
This initiative is the first of its kind to enable high-voltage direct current (HVDC) power exchange in the Middle East and North Africa region. It connects Badr City in Egypt to Medina via Tabuk in Saudi Arabia. Late last month, Madbouly highlighted that the project, set to produce 3,000 megawatts in two phases, is a landmark achievement for Egypt’s energy sector.
Presidential spokesperson Mohamed al-Shenawy stated that the meeting also highlighted the progress on the Dabaa Nuclear Power Plant. The project is seen as vital to Egypt’s comprehensive development strategy, which aims to diversify energy sources through renewable and alternative means, improving service delivery to citizens.
Located in northern Egypt, the Dabaa plant will consist of four nuclear reactors with a combined capacity of 4,800 megawatts (1,200 megawatts per reactor). The first reactor is expected to be operational by 2028, with the others coming online sequentially. The Egyptian government has pledged to fulfill its commitments to ensure the project meets its scheduled timeline.
The president also directed the government to intensify efforts to attract investments in the energy sector, develop the management of the national gas grid, and ensure stable energy supplies for both electricity and industrial sectors. Furthermore, he urged rapid progress on renewable energy projects to diversify energy sources, expand grid capacity, and modernize the network using advanced technologies to enhance efficiency and reduce losses.